Trump Calls on UK to Expand North Sea Oil Production Amid Energy Crisis
U.S. President Donald Trump has urged the UK to increase North Sea oil production, criticizing the Labour government's ban on new oil and gas licenses. This comes as oil and gas prices have surged due to the U.S.-Israel war with Iran, creating a significant energy supply shock. The UK is expected to be heavily impacted, with the IMF lowering its growth forecast to 0.8% for 2026.
Topics: Energy Policy International Energy Agency North Sea Oil Oil Prices Strait of Hormuz U.S.-U.K. Relations